and said no. today president obama outlined the deficit reduction legislation he would sign into law. >> what you need is a package that keeps taxes where they are for middle class families, we make some stuff spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> krystal, the republicans are on the run here. the new reel that we get to run every night about the latest republicans saying this is absolutely hopeless is absolutely amazing. limbaugh is an amazing spot tonight saying that he doesn't think that there is any republican that can stop this. >> my favorite has been ann coulter. >> how do you win this if all the rates go up? >> i think they are exactly right. i mean, if you're going to have -- if you're going to get what you want if you're republicans, you have to be able to threa
baby step toward the president. tonight, politico reveals that house speaker told barack obama he is prepared to consider more than the $800 billion that the gop has already proposed in new tax revenues but only if the white house will back much deeper cuts to entitlement programs according to several sources familiar with the talks getting beyond $800 billion in revenue without raising tax rates on upper income families would be difficult. today, speaker boehner, told house republicans not to make any plans for the holidays and then told reporters this. >> the president and i had a deliberate call yesterday. we spoke honestly and openly about the differences that we face but the president's call for $1.4 trillion worth of revenue. the glass half full. i roux he main the most optimistic person in this town but we've got some serious differences. >> president obama seems to remain comfortable with, if necessary, taking that step off the fiscal curve. >> i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individual
tax rates, and i want to hear -- listen to president obama today talking about smflt other things, the spending cuts that are involved and what they're dealing with here. >> i think there's a recognition that maybe they can accept some rate increases as long as it's combined with serious entitlement reform and additional spending cuts. if we can get the leadership on the republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. it's not that tough. >> chris, there's the president saying he's ready to do serious entitlement reform and additional spending cuts, and no one seems to be noticing that. >> yeah. you know, i just talked about that. >> entitlement reform is medicare, medicaid and social security. >> that phrase, you would agree, right, the word "entitlement" has bizarre see mantic resonance to it. like you're whiningç and entitled, social insurance. >> it was an honorable entitlement, but meaning i paid into social security for 30 years.
Fetching more results